Avram Glazer reveals if Manchester United is up for sale as debt crisis deepens | OneFootball

The Manchester United co-owner has made his stance clear with regards to a full sale

Avram Glazer says he will not sell Manchester United despite the clubs’ deepening debt crisis.

Man Utd published their quarterly accounts on Wednesday and the club's latest accounts revealed a total of £14.5million was paid to sack manager Erik ten Hag, sporting director Dan Ashworth and other members of football staff.

Sir Jim Ratcliffe, United’s co-owner, has a 28.94 per cent stake in the club through his Ineos group, but the Glazer family remain majority owners of the Premier League giants.

And when asked by Sky Sports in Miami whether he would sell the club, Glazer issued a firm one-word answer: “No.”

Man United's latest financial results show the club's earnings before interest, tax, depreciation and amortisation (EBIDTA) were £70.5m for the second quarter, but player trading and interest costs meant they ended up recording a £27.7m loss.

Total revenue was down 12 per cent year on year to £198.7m, with net finance costs up from £300,000 to £37.6m on the prior year quarter due to an "unfavourable swing" in foreign exchange rates on unhedged US dollars borrowings.

Ticket prices have also gone up as United seek to overcome financial constraints that have grown under the Glazers, but The Manchester United Supporters’ Trust have called for ticket prices to be frozen.

“Fans should not pay the price for a problem that starts with our crippling debt interest payments and is exacerbated by a decade or more of mismanagement,” the supporters’ group statement read.

“It’s time to freeze ticket prices and allow everyone – players, management, owners and fans – to get behind United and restore this club to where it belongs.”